Nikon (OTCMKTS:NINOY) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Nikon Corp. (OTCMKTS:NINOY) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $13.12 and traded as low as $12.23. Nikon shares last traded at $12.62, with a volume of 2,678 shares changing hands.

Nikon Trading Up 1.8%

The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of -6.75 and a beta of 0.50. The company’s 50-day moving average is $13.12 and its 200-day moving average is $12.55. The company has a quick ratio of 0.96, a current ratio of 1.97 and a debt-to-equity ratio of 0.21.

Nikon (OTCMKTS:NINOY) last posted its earnings results on Thursday, August 6th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.06. Nikon had a negative net margin of 13.88% and a negative return on equity of 15.23%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion.

About Nikon

Nikon Corporation is a Tokyo?based multinational company specializing in the design and manufacture of optics and imaging products. Since its founding in 1917 as Nippon Kogaku K.K., Nikon has built a global reputation for precision optical and imaging technologies. The company operates across multiple segments, including Digital Imaging, Precision Equipment, Healthcare, and Industrial Metrology, serving both consumer and industrial markets.

In its Digital Imaging division, Nikon produces a wide range of cameras—from entry­-level point-and-shoot models to professional DSLRs and mirrorless systems—supported by an extensive lineup of NIKKOR interchangeable lenses and accessories.